Minneapolis Portfolio Management Group LLC Sells 992 Shares of Exxon Mobil Co. (NYSE:XOM)

Minneapolis Portfolio Management Group LLC reduced its position in shares of Exxon Mobil Co. (NYSE:XOM) by 0.4% in the second quarter, Holdings Channel reports. The firm owned 241,035 shares of the oil and gas company’s stock after selling 992 shares during the quarter. Exxon Mobil accounts for 3.8% of Minneapolis Portfolio Management Group LLC’s holdings, making the stock its 13th biggest holding. Minneapolis Portfolio Management Group LLC’s holdings in Exxon Mobil were worth $27,748,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Exxon Mobil during the first quarter valued at $25,000. First Pacific Financial bought a new position in Exxon Mobil during the 1st quarter valued at about $34,000. POM Investment Strategies LLC boosted its holdings in shares of Exxon Mobil by 918.9% during the 2nd quarter. POM Investment Strategies LLC now owns 377 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in shares of Exxon Mobil in the fourth quarter worth approximately $46,000. Finally, Lynx Investment Advisory purchased a new position in shares of Exxon Mobil during the second quarter valued at approximately $47,000. 61.80% of the stock is owned by hedge funds and other institutional investors.

Exxon Mobil Trading Down 0.2 %

XOM traded down $0.26 during trading hours on Friday, reaching $117.87. 13,284,154 shares of the company’s stock traded hands, compared to its average volume of 16,904,977. The firm has a 50-day moving average price of $115.79 and a 200 day moving average price of $114.21. The firm has a market capitalization of $464.76 billion, a PE ratio of 14.44, a PEG ratio of 4.51 and a beta of 0.91. The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. Exxon Mobil Co. has a 52-week low of $95.77 and a 52-week high of $123.75.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. Exxon Mobil had a return on equity of 16.75% and a net margin of 9.62%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.94 earnings per share. As a group, sell-side analysts predict that Exxon Mobil Co. will post 8.65 EPS for the current fiscal year.

Exxon Mobil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Thursday, August 15th. Exxon Mobil’s dividend payout ratio (DPR) is presently 46.57%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on XOM shares. Wolfe Research assumed coverage on shares of Exxon Mobil in a report on Thursday, July 18th. They issued an “outperform” rating and a $146.00 target price on the stock. Wells Fargo & Company cut their price objective on Exxon Mobil from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays lowered their target price on Exxon Mobil from $147.00 to $142.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and set a $135.00 price target on shares of Exxon Mobil in a research note on Tuesday, July 9th. Finally, Evercore ISI upgraded shares of Exxon Mobil to a “strong-buy” rating in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Exxon Mobil has an average rating of “Moderate Buy” and an average price target of $134.56.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.